CarGurus (NASDAQ:CARG) Insider Jennifer Ladd Hanson Sells 9,998 Shares

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 9,998 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $36.88, for a total transaction of $368,726.24. Following the transaction, the insider owned 54,807 shares in the company, valued at $2,021,282.16. The trade was a 15.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CarGurus Stock Up 1.8%

CarGurus stock opened at $38.21 on Friday. CarGurus, Inc. has a 12-month low of $24.65 and a 12-month high of $41.33. The firm’s fifty day moving average is $34.45 and its 200 day moving average is $32.02. The company has a market capitalization of $3.79 billion, a PE ratio of 31.07, a PEG ratio of 1.78 and a beta of 1.52.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. The company had revenue of $234.03 million for the quarter, compared to the consensus estimate of $232.29 million. During the same quarter in the previous year, the company earned $0.41 EPS. CarGurus’s quarterly revenue was up 7.0% compared to the same quarter last year. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. Sell-side analysts expect that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on CARG shares. Citigroup decreased their price target on shares of CarGurus from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, July 3rd. Needham & Company LLC boosted their price target on shares of CarGurus from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Oppenheimer decreased their price target on shares of CarGurus from $42.00 to $40.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. JMP Securities restated a “market perform” rating and set a $38.00 price target on shares of CarGurus in a research note on Wednesday, July 2nd. Finally, Citizens Jmp lowered shares of CarGurus from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 2nd. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CarGurus presently has a consensus rating of “Hold” and an average price target of $38.46.

Institutional Trading of CarGurus

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of CarGurus by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 482,484 shares of the company’s stock worth $14,055,000 after acquiring an additional 10,787 shares in the last quarter. Intech Investment Management LLC grew its position in CarGurus by 50.0% during the first quarter. Intech Investment Management LLC now owns 67,246 shares of the company’s stock valued at $1,959,000 after buying an additional 22,425 shares during the period. Vanguard Group Inc. grew its position in CarGurus by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,780,608 shares of the company’s stock valued at $284,909,000 after buying an additional 93,722 shares during the period. GAMMA Investing LLC grew its position in CarGurus by 35.4% during the first quarter. GAMMA Investing LLC now owns 4,196 shares of the company’s stock valued at $122,000 after buying an additional 1,097 shares during the period. Finally, Bosman Wealth Management LLC bought a new position in CarGurus during the first quarter valued at about $2,638,000. Institutional investors own 86.90% of the company’s stock.

CarGurus Company Profile

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.